SVL 11.1% 10.0¢ silver mines limited

Ann: SVL Secures A$30.2 Million Convertible Debenture Funding, page-52

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  1. 759 Posts.
    lightbulb Created with Sketch. 1260
    Expected IMO, and it's purely related to the POS, nothing more.
    All silver plays are down.
    POS chart shows that the POS broke upwards thru the flag, come back to test support now at 29. You'll see where the 2 lines intersect, meaning 2 lines of support now at 28.80. If this breaks then I expect both POS and SVL to drop more.
    Also note, the RSI is now at a low point and the last three candles has tails on them. 2 is called tweezers (3 is better still) meaning that the buyers win each day, another positive.
    As for the Ann, I think it was brilliant news and I'm back buying these dips.
    Not advice, please DYOR and AIMO.
    https://hotcopper.com.au/data/attachments/6333/6333709-af5c330cabec76651017976f15500bdc.jpg

    Last edited by GmundStables: 24/07/24
 
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Last
10.0¢
Change
0.010(11.1%)
Mkt cap ! $150.8M
Open High Low Value Volume
9.1¢ 10.0¢ 9.1¢ $1.680M 17.60M

Buyers (Bids)

No. Vol. Price($)
2 116010 9.9¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 565344 11
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
SVL (ASX) Chart
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